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the main responsibility of a central bank is: group of answer choices monetary but not fiscal policy fiscal but not monetary policy both monetary and fiscal policy neither monetary or fiscal policy

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The main responsibility of a central bank is both monetary and fiscal policy.

central bank

A central bank, reserve bank, or monetary authority is an entity that handles a country's or monetary union's currency and monetary policy, as well as its commercial banking system. A central bank, unlike a commercial bank, has a monopoly on growing the monetary base. Most central banks also have supervisory and regulatory authorities to maintain the stability of member institutions, prevent bank runs, and deter member banks from engaging in irresponsible or fraudulent activities.

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